Vice-chancellor Grant Robertson confirmed the move, after the motion to suspend any academic and cultural collaborations with Israeli universities and divest from financial entities "complicit" with the violation of Palestinian rights was on the table at yesterday’s meeting.
It would wait until the working group on institutional neutrality had completed its work, he said.
The group was consulting with the university community and will report back to him before the end of the year.
The report of the group will come back to the senate and then go to the University Council, at which point further consideration will be given to the motion.
"What is occurring in Gaza is a catastrophe, and the suffering that we see on a daily basis is deeply distressing.
"The university’s position of institutional neutrality is not one of indifference to this," Mr Robertson said.
The position was designed to protect the rights to academic freedom and to uphold the wellbeing of staff and students from a range of different backgrounds.
"Individual members of our community hold very strong views on these matters, and we support them to peacefully express those views.
"The stance of institutional neutrality is under review overall as there is no written policy foundation or understanding of the boundaries," he said.
"It is important to undertake this work and get the views of the whole university community before moving to change or alter the stance."